Schechter Investment Advisors LLC Sells 791 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Schechter Investment Advisors LLC trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,491 shares of the semiconductor company’s stock after selling 791 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Texas Instruments were worth $1,277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in Texas Instruments during the 4th quarter worth $1,548,365,000. Moneta Group Investment Advisors LLC boosted its position in Texas Instruments by 60,024.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock valued at $1,381,785,000 after acquiring an additional 8,349,393 shares in the last quarter. Morgan Stanley boosted its position in Texas Instruments by 54.4% during the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after acquiring an additional 5,191,426 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 13.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after purchasing an additional 1,779,273 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after purchasing an additional 1,439,066 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $172.87 on Thursday. The business has a 50 day simple moving average of $166.42 and a two-hundred day simple moving average of $160.78. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The stock has a market capitalization of $157.32 billion, a P/E ratio of 24.49, a PEG ratio of 3.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. The business’s revenue was down 12.7% compared to the same quarter last year. As a group, analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a dividend of $1.30 per share. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.01%. Texas Instruments’s payout ratio is currently 73.65%.

Wall Street Analyst Weigh In

TXN has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $170.00 price target on shares of Texas Instruments in a research report on Monday, March 4th. Mizuho lowered their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. KeyCorp lifted their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $173.89.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.68% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.